Detailed Single Year Tables

Description of Proposed Provision:
Progressive price indexing (50th percentile) of PIA formula factors for individuals newly eligible for OASI benefits in 2018 through 2057: Create a new bend point at the 50th percentile of the AIME distribution of newly retired workers. Maintain current-law benefit credit for earners at the 50th percentile and below. Reduce the 32 and 15 formula factors above the 50th percentile such that the initial benefit for a worker with AIME equal to the taxable maximum grows by inflation rather than the growth in the SSA average wage index. Disabled workers are: (a) not affected prior to normal retirement age; and (b) subject to a proportional reduction in benefits, based on the worker's years of disability, upon conversion to retired-worker beneficiary status.

&nbsp

Financial Estimates for the OASDI Trust Fund Program

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

&nbsp

Expressed as a percentage of present-law taxable payroll

Trust fund ratio as of January 1

Expressed as a percentage ofpresent-law taxable payroll

Calendaryear

Costrate

Incomerate

Annualbalance

Costrate

Incomerate

Annualbalance

2013

13.95

12.69

-1.26

330

0.00

0.00

0.00

2014

14.04

12.83

-1.20

315

0.00

0.00

0.00

2015

13.97

12.86

-1.10

301

0.00

0.00

0.00

2016

13.91

12.88

-1.03

286

0.00

0.00

0.00

2017

13.88

12.90

-0.98

271

0.00

0.00

0.00

2018

13.91

12.93

-0.98

257

0.00

0.00

0.00

2019

14.05

12.95

-1.10

244

-0.01

0.00

0.00

2020

14.24

12.97

-1.28

231

-0.01

0.00

0.01

2021

14.42

12.99

-1.43

218

-0.02

0.00

0.02

2022

14.67

13.02

-1.65

204

-0.04

0.00

0.03

2023

14.91

13.04

-1.87

190

-0.06

0.00

0.05

2024

15.15

13.05

-2.09

175

-0.08

0.00

0.08

2025

15.37

13.07

-2.30

160

-0.11

-0.01

0.10

2026

15.57

13.08

-2.49

145

-0.14

-0.01

0.13

2027

15.75

13.09

-2.66

129

-0.18

-0.01

0.17

2028

15.92

13.10

-2.82

113

-0.21

-0.01

0.20

2029

16.07

13.11

-2.96

96

-0.25

-0.01

0.24

2030

16.20

13.12

-3.08

79

-0.29

-0.01

0.28

2031

16.30

13.12

-3.17

61

-0.34

-0.02

0.32

2032

16.37

13.13

-3.24

43

-0.38

-0.02

0.36

2033

16.43

13.13

-3.30

24

-0.42

-0.02

0.40

2034

16.46

13.14

-3.33

4

-0.47

-0.02

0.45

2035

16.46

13.14

-3.33

----

-0.52

-0.03

0.49

2036

16.45

13.14

-3.31

----

-0.56

-0.03

0.53

2037

16.41

13.14

-3.27

----

-0.61

-0.03

0.58

2038

16.36

13.14

-3.22

----

-0.66

-0.03

0.63

2039

16.29

13.14

-3.15

----

-0.71

-0.04

0.67

2040

16.21

13.13

-3.07

----

-0.76

-0.04

0.72

2041

16.12

13.13

-2.99

----

-0.81

-0.04

0.76

2042

16.04

13.13

-2.91

----

-0.86

-0.04

0.81

2043

15.96

13.12

-2.83

----

-0.91

-0.05

0.86

2044

15.88

13.12

-2.76

----

-0.96

-0.05

0.91

2045

15.81

13.12

-2.70

----

-1.01

-0.05

0.96

2046

15.75

13.11

-2.63

----

-1.07

-0.05

1.01

2047

15.68

13.11

-2.57

----

-1.12

-0.06

1.07

2048

15.62

13.11

-2.51

----

-1.18

-0.06

1.12

2049

15.56

13.11

-2.45

----

-1.23

-0.06

1.17

2050

15.50

13.11

-2.40

----

-1.28

-0.07

1.22

2051

15.46

13.10

-2.35

----

-1.34

-0.07

1.27

2052

15.42

13.10

-2.32

----

-1.39

-0.07

1.32

2053

15.39

13.10

-2.29

----

-1.44

-0.07

1.37

2054

15.37

13.10

-2.27

----

-1.50

-0.08

1.42

2055

15.36

13.10

-2.26

----

-1.55

-0.08

1.47

2056

15.35

13.10

-2.25

----

-1.61

-0.08

1.53

2057

15.34

13.10

-2.24

----

-1.66

-0.09

1.58

2058

15.33

13.10

-2.23

----

-1.72

-0.09

1.63

2059

15.33

13.10

-2.22

----

-1.77

-0.09

1.68

2060

15.32

13.10

-2.22

----

-1.82

-0.09

1.73

2061

15.31

13.10

-2.21

----

-1.87

-0.10

1.78

2062

15.31

13.10

-2.21

----

-1.92

-0.10

1.82

2063

15.30

13.10

-2.20

----

-1.97

-0.10

1.87

2064

15.30

13.10

-2.20

----

-2.01

-0.10

1.91

2065

15.30

13.10

-2.20

----

-2.05

-0.11

1.95

2066

15.31

13.10

-2.21

----

-2.09

-0.11

1.99

2067

15.32

13.10

-2.21

----

-2.13

-0.11

2.02

2068

15.33

13.10

-2.22

----

-2.17

-0.11

2.06

2069

15.34

13.11

-2.23

----

-2.20

-0.11

2.09

2070

15.35

13.11

-2.24

----

-2.24

-0.12

2.12

2071

15.36

13.11

-2.25

----

-2.27

-0.12

2.15

2072

15.36

13.11

-2.26

----

-2.29

-0.12

2.17

2073

15.37

13.11

-2.26

----

-2.32

-0.12

2.20

2074

15.37

13.11

-2.26

----

-2.34

-0.12

2.22

2075

15.36

13.11

-2.25

----

-2.36

-0.12

2.24

2076

15.35

13.11

-2.25

----

-2.38

-0.12

2.25

2077

15.35

13.11

-2.24

----

-2.39

-0.12

2.27

2078

15.34

13.11

-2.23

----

-2.40

-0.12

2.28

2079

15.33

13.11

-2.23

----

-2.41

-0.12

2.29

2080

15.34

13.11

-2.23

----

-2.42

-0.13

2.30

2081

15.34

13.11

-2.24

----

-2.43

-0.13

2.31

2082

15.36

13.11

-2.25

----

-2.44

-0.13

2.32

2083

15.38

13.11

-2.27

----

-2.45

-0.13

2.33

2084

15.41

13.11

-2.30

----

-2.47

-0.13

2.34

2085

15.44

13.11

-2.33

----

-2.48

-0.13

2.35

2086

15.48

13.11

-2.36

----

-2.49

-0.13

2.36

2087

15.52

13.12

-2.40

----

-2.50

-0.13

2.37

2088

15.56

13.12

-2.44

----

-2.51

-0.13

2.38

&nbsp

Summarized Estimates

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

Years

Costrate

Incomerate

Actuarialbalance

Year of reserve depletion1

Costrate

Incomerate

Actuarialbalance

Based on Intermediate Assumptions of the 2013 Trustees Report.

2013-2087

15.53%

13.82%

-1.71%

2034

-1.06%

-0.05%

1.01%

&nbsp

1 Under present law, the year of Trust
Fund reserve depletion is 2033.